Hot Deal

NSDL bank accounts being blocked

809°
Deal Cadet
slickdeal

My NSDL bank account is blocked without any notice.

anyone has experienced similar issue? what is the process to unblock it?

Dimers, NSDL bank accounts are being blocked. If account is opened in 2020 and no VKYC done after it, transfer all amount immediately

Disclaimer
We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.

Deal Wiki

  • Last updated by: violin
Top Comments
Heart of Gold Heart of Gold
Moderator
Link Copied
@luciferking Zero Balance Accounts are under scrutiny just to avoid misuse (inactive accounts) and kyc complainces as per RBI guidelines.

There is no certain guideline to block/freeze. But banks will say as per internal policy.

They just blocked and sending notifications to do kyc again..

Deal Cadet Deal Cadet
Link Copied
@Mayavi

This comes under Deficiency of service from the bank

If this is handled correctly, one can claim compensation from the Bank via RBI complaint.

I have already started the process.

Heart of Gold Heart of Gold
Moderator
Link Copied
@luciferking Did you got reply from NSDL on what basis they blocked account??

Deal Cadet Deal Cadet
Link Copied
@Mayavi

Nope, I have raised vkyc service request as mentioned by the dimer in WIKI

and raised a complaint to the nodal officer. ([email protected])

I will be pursuing this further for compensation.

on another note, one known friend's BOI account was blocked due to KYC and got activated within 1 hr. BOI took immediate steps to complete the vKyc.

Heart of Gold Heart of Gold
Moderator
Link Copied
@luciferking Ok.
Some banks are good in KYC activation.
Some are very bad.

Before reach to Nodal Officer, you need to raise Level 1(from app) and Level 2(email) request with a resolution time of max 7 days.
Deal Cadet Deal Cadet
Link Copied
@Mayavi This is correct but since they skipped the notification part before the account block, so I skipped Level 1 & Level 2.
84 Comments  |  
42 Dimers
  • Sort By
Deal Cadet Deal Cadet
Link Copied

Its your mistake , you sud have read full terms and condition before opening account , now it is permanently blocked, now no use crying on online 

Deal Cadet Deal Cadet
Link Copied

Why for what reason?

You are telling as if you are the ceo of the bank 🤣🤣

View 1 more reply
Deal Cadet Deal Cadet
Link Copied

How to check whether its blocked. I am able to go inside.. I think i opened the account in 2019, where they take details of Aadhar from Excel kind of document. 

@abhishek012 , Is VKYC required for this account...Eventhough if its unblocked, can we schedule VKYC?

Deal Captain Deal Captain
Link Copied

Probably, your account too blocked, like most of the accounts, even with Aadhaar XML KYC.


You may check by logging into NSDL Bank App -- Accounts -- Account Details -- BLOCKED, alternatively you may also check whether you able to send money by UPI thru any app? If blocked, debit freezed thru all channels (UPI/DC/IMPS/NEFT)

Deal Cadet Deal Cadet
Link Copied
@V76 Yes,not able to send money.
View 1 more reply
Deal Cadet Deal Cadet
Link Copied
Not at all under these guidelines.
NSDL account is frequently used by all members every month for Rupay offers.
View 10 more replies
Deal Lieutenant Deal Lieutenant
Link Copied

Was supposed to receive refund in that account neutral_face

Deal Cadet Deal Cadet
Link Copied

I just heard this has spread across other banks as well

BOI accounts are added to the party.

Deal Cadet Deal Cadet
Link Copied

Checked X. Not many complaints like NSDL. So, may be not a mass blocking.

NSDL on the other hand went with mass blocking. Likely all accounts are blocked. Worst thing is NSDL doesn't have the infrastructure to do vKYC for such mass population in a short period. What's even worse is... Accounts aren't unblocked even after vKYC. As per the founder of chqbook, accounts should be active in T+1 days. Let's see how it goes. If things don't improve next week, more and more people are going to suffer. 

Reminds me of something similar for the entire India.

Deal Newbie Deal Newbie
Link Copied

My account blocked half you 

Deal Subedar Deal Subedar
Link Copied

Any update for anyone??

Deal Cadet Deal Cadet
Link Copied
there is no response from NSDL to service request or emails.
Like Magnet Like Magnet
Link Copied

looks like they need some love and kisses from the RBI Ombudsman

replyuser
Click here to reply
Reply